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Several news items benefited the cybersecurity stock today. Shares of CrowdStrike (CRWD 4.34%) finished the day up after the embattled cybersecurity stock benefited from the broader market rebound, got an analyst upgrade, and a report emerged pushing back on Delta's lawsuit against CrowdStrike in the wake of the massive tech outage in July. CrowdStrike finished the day up 4.3% on the news. CrowdStrike bounces higher Tech stocks rebounded after a three-day slide today as investors got a break from downbeat e ...

Piper Sandler analyst Rob D. Owens upgraded the CrowdStrike Holdings, Inc CRWD rating to Overweight from Neutral with a price target of $290, down from $310. Owens noted that CrowdStrike remains the dominant player in the all-important endpoint space and is one of the better ways to play broader consolidation trends in cyber. While the outage event was unfortunate, it underscores how vulnerable systems are given the interconnected and digital infrastructures, the analyst said. Also Read: CrowdStrike Faces D ...

Key Takeaways CrowdStrike stock rose Tuesday, as Piper Sandler analysts upgraded their rating on the stock and outlined their vision for how the company can recover from last month's massive tech outage. The analysts said they believe financial impacts of the outage will be minimal, with the likely outcome that CrowdStrike loses a small number of customers and offers discounted services to retain some others. The analysts said any impact the outage will have on CrowdStrike's earnings is priced into the stoc ...

Core Viewpoint - A class action securities lawsuit has been filed against CrowdStrike Holdings, Inc. alleging securities fraud that affected investors between November 29, 2023, and July 29, 2024 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that CrowdStrike made false statements and concealed deficiencies in its software update procedures for its main product, Falcon, which were not properly tested before deployment [2]. - This inadequate testing allegedly created a significant risk of major outages for many customers, leading to reputational harm and legal risks for CrowdStrike [2]. - As a result of these misleading statements, CrowdStrike's stock traded at artificially inflated prices during the class period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until September 30, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A Delta Air Lines jet leaves the gate, July 19, 2024, at Logan International Airport in Boston. Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown that happened earlier this month. Credit: AP Photo/Michael Dwyer, File Cybersecurity software company CrowdStrike is disputing De ...

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NEW YORK, Aug. 5, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of CrowdStrike Holdings, Inc. (NASDAQ: CRWD). Shareholders who purchased shares of CRWD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/crowdstrike-loss-submission-form/?id=93547&from=4 CLASS PERIOD: November 29, ...

Travelers wait in line, as a flight board shows delays, on the check-in floor of the Delta Air Lines terminal at Los Angeles International Airport (LAX) on July 23, 2024 in Los Angeles, California. CrowdStrike on Sunday said Delta Air Lines had rejected onsite help during last month's massive outage that sparked thousands of flight cancellations. Delta CEO Ed Bastian told CNBC's "Squawk Box" last week that the mass cancellations following the outage, which occurred at one of the busiest times of the year, c ...

SAN DIEGO, Aug. 3, 2024 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) Class A common stock between November 29, 2023 and July 29, 2024, both dates inclusive (the "Class Period"), have until September 30, 2024 to seek appointment as lead plaintiff of the CrowdStrike class action lawsuit. Captioned Plymouth County Retirement Association v. CrowdStrike Holdings, Inc., No. 24-cv-00857 (W.D. Tex.), the CrowdStrike class action ...